How I Bring In $4.5 Million A Year Selling Dumplings
CNBC Make It
7 min, 32 sec
The founder of Dumpling Daughter shares her personal and entrepreneurial journey, detailing the growth of her multimillion-dollar dumpling business.
Summary
- The founder expresses her deep love for dumplings and describes them as an art form.
- Dumpling Daughter aims to share homestyle Chinese cuisine, earning over $4.5 million last year.
- Products are now available in grocery stores, shipped nationwide, and a cookbook has been released.
- The founder recounts her upbringing in a fine-dining Chinese restaurant and her shift from investment banking to pursuing her passion in the culinary industry.
- Dumpling Daughter faced challenges, including coping with high demand and dealing with a copycat competitor.
Chapter 1
The founder shares her love for dumplings and the success of Dumpling Daughter.
- The founder's passion for dumplings is deeply personal, likening them to art.
- Dumpling Daughter's goal is to spread the founder's childhood Chinese cuisine to a broad audience.
- The company has seen significant financial success, with substantial earnings reported over the last year.
Chapter 2
The business expansion of Dumpling Daughter includes a variety of offerings and sales achievements.
- Dumplings are now available in grocery store frozen sections and shipped directly to customers.
- The business sells tens of thousands of dumplings monthly, both through shipping and its restaurants.
- Restaurants are a significant part of the business, contributing millions to the revenue.
Chapter 3
The founder reflects on her upbringing and transition from finance to the culinary world.
- Raised in a prestigious Chinese restaurant, the founder was inspired by the culinary excellence of her parents.
- After a stint in investment banking, she realized her true passion was in food and cooking.
- With minimal savings, she moved back home to learn from her mother and lay the groundwork for her future business.
Chapter 4
The founder's determination leads to the establishment and growth of Dumpling Daughter.
- The founder was motivated by her husband's encouragement and her father's advice to be self-sufficient.
- Despite challenges, the business flourished, with high demand and positive press.
- The founder adapted the dumpling-making process to balance tradition with the need for mass production.
Chapter 5
Dumpling Daughter navigates through copycat competitors and the challenges of rapid growth.
- The business faced adversity when former employees opened a similar concept, leading to a lawsuit.
- Customer demand and positive response prompted the brand to expand further.
- The pandemic posed new challenges, but the business adapted by diversifying its offerings and strategies.
Chapter 6
The founder continues to innovate and grow Dumpling Daughter despite the uncertain business climate.
- In response to the pandemic, the business expanded its product line and services, including a new restaurant.
- The founder explored shipping options and created a direct-to-consumer website.
- Despite the high-risk nature of the consumer products business, the founder remains invested in the company's growth.
Chapter 7
The founder contemplates her journey with Dumpling Daughter and her aspirations for the brand's future.
- The founder acknowledges the need to establish her own legacy separate from her parents' success.
- Dumpling Daughter has affirmed the founder's ability to be independent and self-sufficient.
- The business aims to cater to contemporary customers and continue its upward trajectory.
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